Land O Lakes Real Estate Market Report 34638- May 2014

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Land O’ Lakes Real Estate Update:

49 homes were sold in Land O’ Lakes(34638 Zip code) with a median price of $185,000 in May 2014.

62 homes sold during the same period last year. This resulted in 21% decrease in number of homes sold and closed and 0.1% increase in the median price from $184,800 to $185,000.

The number of homes sold and closed in Land O Lakes real estate market were down 5.8% from previous month in this year and 4.9% decrease in the median price from$194,500 to $185,000.

At the end of the month there were 201 homes for sale in this part of land o lakes real estate which included 77 new home listings.

New home listings were up from 64 to 77 in contrast with same period last year yet down since last month from 93 to 77 .

Since 81 homes went under contract, it resulted in 2.5 months inventory.

There was downward change in the number of homes that went under contract from 92 to 81 homes in contrast of May 2013 to May 2014. There was upward change of number of homes that went under contract since last month though from 67 to 81 homes.

The average days on the market currently is around 90 days.

Most of the Land O Lakes real estate that sold was purchased with mostly cash, FHA, VA and conventional financing.